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Initially I use IRL to select a group of stocks for an index called #1. Then IRL exports some history and other info to the Metastock folder files which I use in Metastock 6.0. IRL then is requested to update the indices. I use Quotes Plus each to append data to these files in Metastock format (note this may be one or more days). Again in IRL it is necessary to request that the indices be updated.
When there is a deletion to the index it is simply done by using downloader to delete it. After updating the index with a new day's data this change will be reflected. For adding stocks this is done by using IRL to manually add them to that particular index you wish to.
When stock data stops coming in I look in Yahoo right away because after a few days they usually do not carry news of a symbol change. Of stock splits are seen when viewing data daily and that info is given in Quotes Plus. This info is used when you are using a weighted system depending on the price or # of shares. If a standard index is changed in which stocks are included that info is obtained from the index originated source. Again I make these changes manually. I agree it is a lot of work. Also the program may contain more functionality than I have learned so far. I factor my ability here average or less. Tried to give an overall view of how I am maintaining indices but may have left out info you still have questions on. Please e-mail any questions along with comments you wish to make.
I understand what you are looking for and if it is or becomes available it appears to be desirable in that one to accomplish more work with indices and much more rapidly. Do not be concerned about the data files in Metastock as they are in the same format for version 6.5 and IRL can interface with them. To verify I suggest you quiz Equis by e-mail or by phone.
John Sellers
Torrance, CA
USA
-----Original Message-----
From: Jim Kerwin [SMTP:anncora@xxxxxxxxxxxxxx]
Sent: Monday, June 15, 1998 10:34 AM
To: metastock@xxxxxxxxxxxxx
Subject: RE: Symbol Changes
At 12:19 PM 6/12/98 -0700, you wrote:
>May I ask what program are you using or how you accomplish this?
==> No, that's the problem... I do it manually hammer and chisel style... I
hoping someone will write and tell me a better way of doing this... as I
would like to increase the number of indexes and maximize the filters in
Metastock to filter the 10,000 symbols from the Telescan database each
night...
I am using a program purchased from Equis called IRL which you furnish the
program with a list of stocks and select one of their programmed methods of
generating the index and each day you request this program to use your
metastock data files retrieve these files and generate the indices. So far
I have only use up to 30 or 40 stocks for one index. I have found that
stock splits and changes, symbol changes and weighting number changes occur
frequently and make this task a little more difficult than other programs
with more automation.
>
>However I value the results as helpful to finding new emerging groups for
bullish moves. This helps to focus ones energy on only a portion of the
9000+ stocks which I download daily. Hope to hear from you as this approach
is fascinating. Perhaps we both and others not heard from yet can share and
benefit from group participation.
===> This is exactly what I want to do... How do you maintain the indexes
and keep them updated... Do you have the symbols organized in their
indexes... i.e. sp400, 500, 600... Does the software you have make changes
for you or does it notify you of the change and you manually fix the the
change... say ITT on the sp500 was bought by HOT, will it tell you ITT was
bought out and that it no longer appears in the sp500 then do you have to
then delete from the sp500... Also, did you manually type in all 9000+
symbols you track, or did you get them imported into Metastock somehow...
if so, how... Are you using Metastock 6.5...
>
>For further info on your questions I do not have answers but will share
with you that I use http:\\www.quotes.yahoo.com often to get quotes and via
that source you may also ask for news. After a quote given for example on
ITT click on "News" and frequently it gives the info on the symbol selected.
===> Yes, I'm aware of that site and I do often use it, but it will not
tell you if a symbol has been change or if it no longer exist... Thank you
for your response...
>
>John Sellers
>Torrance, CA
>USA
>
>-----Original Message-----
>From: Jim Kerwin [SMTP:anncora@xxxxxxxxxxxxxx]
>Sent: Friday, June 12, 1998 10:16 AM
>To: metastock@xxxxxxxxxxxxx
>Subject: Symbol Changes
>
>I have not updated my SP500 index in a while, and it seems that the
>following stocks... CBB, CFL, FG, and ITT... have changed stock symbols or
>were removed. Could someone please tell me what happened to them and what
>their new symbol is.
>************************************************************
>Have a good day
>Jim kerwin
>Atlanta, Georgia
>************************************************************
>
>
**************************
Have a nice day
Jim kerwin
Atlanta, Georgia
**************************
Attachment Converted: "c:\eudora\attach\RE Symbol Changes1"
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